Polymarket's large users have recently invested more than $35 million in betting on Trump's victory

Odaily News As of Wednesday, Polymarket users Fredi9999, Theo4, PrincessCaro and Michie have invested a total of $30 million betting that Trump will win the 2024 presidential election. Another Polymarket user, zxgngl, recently bet more than $5 million on Trump's victory. Analysis shows that the influx of more than $35 million in bets may have driven the recent significant increase in Trump's chances of winning. Venture capitalist Alex Marinier was one of the first investors in Polymarket's seed round in 2020. He said it is entirely possible that "some big players are making big bets that will influence the market." (Fortune) Earlier, according to Bloomberg, Polymarket plans to initiate restrictions on US users, focusing on large-scale betting players, including conducting certain compliance checks.